Limited Liability Company In Russia

A limited liability company is:

- a company established by one or several persons; 

- the share capital of such company is divided into shares determined by the constituent documents;

- shareholders of the company are not responsible for the company's liabilities and carry the risk of losses related to the company's operations up to the value of their investment. 

Issues concerning a share transfer to third parties are regulated by the company's Articles of association.

The minimum registered capital is 10,000 roubles. 

The company must have a round seal (stamp) that has its full company name in Russian and an indication of the company's location.

The company's members enter the Association agreement.

Shareholders' general meeting is the supreme authority of the company.

Management of the current operation of the company is performed by a sole executive authority (director, director general) elected by the shareholder's general meeting for the period of time stipulated in the Articles of association.